Summary: Boeing is facing challenges with poor earnings, regulatory scrutiny, and whistleblower reports, including allegations of prioritizing speed over quality. The union representing Boeing engineers revealed instances of retaliation and disputes over safety concerns with avionics systems.
Full articleSummary: U.S. stock futures fell after Meta Platforms and IBM reported results. Traders await key economic data. Market ended mixed due to rising Treasury yields. Earnings are strong according to iCapital's Anastasia Amoroso.
Full articleSummary: M&T Bank Corporation will participate in the RBC Capital Markets US Banks Fixed Income Investor Symposium on April 30 in New York City, May 1 in Chicago, and May 2 virtually.
Full articleSummary: Tesla has faced challenges with self-driving features causing accidents, decrease in net income, dropping sales, and cancellation of more affordable model. However, the company is strategically shifting focus towards AI, self-driving technology, energy storage, and charging solutions which showed significant growth in profits. Tesla's primary concern seems to be transitioning from being a car manufacturer to becoming a utility company.
Full articleSummary: Rogers Communications partners with Comcast to bring the next generation of connectivity, entertainment, and smart home technology to Canadian customers. The offerings include Entertainment OS for seamless entertainment experience, 10G Internet with multi-gigabit speeds, Storm-Ready WiFi for connectivity during outages, and innovative smart home technology.
Full articleSummary: Meta, formerly known as Facebook, revealed plans to increase spending on AI technology and the metaverse, leading to a plunge in its shares despite doubling profits in the first quarter.
Full articleSummary: Companies like Microsoft (MSFT), Alphabet (GOOG, GOOGL), and Southwest Airlines (LUV) are reporting their quarterly results. The US economy's preliminary read on first quarter GDP is highly anticipated.
Full articleSummary: Companies like Microsoft, Alphabet, and Southwest Airlines are among those reporting quarterly results. The initial read on first quarter GDP is eagerly awaited, with predictions of 2.2% growth for the US economy.
Full articleSummary: Alphabet Inc, Snap Inc, and Pinterest Inc shares are moving lower in after-hours trading following Meta Platforms Inc's decline post reporting Q1 earnings results, in which Meta topped estimates but gave lower guidance for Q2.
Full articleSummary: Meta (formerly Facebook) continues to face significant operating losses in its Reality Labs unit within the metaverse division, with a $3.85 billion loss in the first-quarter earnings report.
Full articleSummary: Apple has released OpenELM, a series of very small language models that run efficiently on text-related tasks, thus signaling its focus on local AI on Apple devices. The company's CEO has hinted at generative AI features to be integrated into Apple devices in the future.
Full articleSummary: Meta shares plunged more than 15% in extended trading after issuing a light forecast despite better-than-expected first-quarter results. Revenue grew 27%, net income doubled, but sales forecast for Q2 fell short of analysts' estimates. The company is up 40% this year, focused on efficiency and AI investments.
Full articleSummary: M&T Bank Corporation will participate in the RBC Capital Markets US Banks Fixed Income Investor Symposium in various locations including New York City, Chicago, and virtually.
Full articleSummary: CVS Health announced investing $19.2 million in building 85 new affordable housing units in Colorado through Boston Financial, aligning with the company's commitment to improving health by providing access to quality housing. Construction of the development, Marshall Street Landing, is underway and will provide permanent supportive housing for individuals experiencing homelessness, offering access to various supportive services.
Full articleSummary: Intel's latest Loihi 2 neuromorphic processor is being used in Sandia National Laboratories' supercomputer, the Hala Point system, consisting of 1,152 interlinked Loihi 2 chips, creating a neuromorphic system for various AI workloads. The system has an impressive processing capability with lower power consumption compared to traditional XPUs in datacenters.
Full articleSummary: Salesforce's talks to acquire Informatica, a data integration specialist, have ended due to failure to agree on price, with Informatica's stock dropping 15% after news of the potential deal. The acquisition would have been one of Salesforce's biggest, but negotiations fell apart.
Full articleSummary: IBM has partnered with Memorial University to provide access to IBM SkillsBuild program for skill-building purposes.
Full articleSummary: Fool.com contributor Parkev Tatevosian discusses whether investors should buy Microsoft (NASDAQ: MSFT) stock ahead of earnings and includes the stock in the list of 10 best stocks to buy according to Motley Fool Stock Advisor.
Full articleSummary: Tesla faces challenges with falling profits, revenue, and the need for cost-cutting measures. Despite struggles in the EV market, Musk announced plans for a more affordable EV in 2025. Controversies and drama surrounding Tesla and Musk add further pressure on the company.
Full articleSummary: Charles Schwab (NYSE:SCHW) stock price increased by 0.3% after the announcement of a dividend payment. The company's dividend yield is 1.33%, representing a $1.00 annualized dividend. Wall Street analysts have mixed ratings on SCHW shares, with a consensus rating of 'Hold' and a consensus price target of $74.47. Various institutional investors have made recent changes to their positions in SCHW.
Full articleSummary: Exxon Mobil's stock price fell 0.5% during mid-day trading on Wednesday after analysts set new price targets and weighed in on the stock. Institutional investors and hedge funds have also been actively buying and selling shares of Exxon Mobil.
Full articleSummary: NextEra Energy Partners, LP (NYSE:NEP) declared a quarterly dividend with a positive change from the previous dividend, but analysts anticipate challenges in covering the dividend with future earnings. The stock's recent trading performance shows an upward trend despite a decrease in revenue compared to analyst estimates.
Full articleSummary: Microsoft and Cognizant are teaming up to accelerate AI adoption by combining their expertise in AI and digital transformation. The collaboration aims to bring AI to various industries and streamline workflows to enhance productivity and customer experiences.
Full articleSummary: Ford's electric vehicle unit, Model e, reported a first-quarter loss of $1.3 billion, with losses per vehicle sold amounting to $132,000. While Ford's traditional vehicle units, Ford Pro and Ford Blue, showed profits, the Model e unit faced significant challenges due to price cuts and loss before interest and taxes.
Full articleSummary: Tesla is laying off over 3,300 employees in California, with many working in the Bay Area at Fremont factory and Palo Alto locations.
Full articleSummary: Various companies reported earnings after the bell. Align Technology beat analysts' expectations and saw a 3.6% increase, Meta Platforms fell 12% due to weak second-quarter revenue guidance, Ford Motor rose 2% after a first-quarter earnings beat and raised outlook, Ethan Allen Interiors slipped 4% following a decline in earnings and revenue, IBM slid 6.6% on revenue miss and plans to buy HashiCorp, Whirlpool rose 2% after an earnings beat, Chipotle Mexican Grill gained 3% on strong profits, Lam Research dropped 2% despite beating earnings estimates, ServiceNow fell 5% despite narrowly beating revenue expectations, Churchill Downs climbed 5.4% after exceeding earnings estimates, and United Rentals added 2.4% after beating earnings and revenue estimates.
Full articleSummary: A Russian court sided with VTB Bank in its efforts to recoup $439.5 million from JPMorgan Chase that the American lender froze in U.S. accounts after the Ukraine invasion, leaving JPMorgan exposed to a nearly half-billion-dollar loss.
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